HYCON, GLOSFER-owned cryptocurrency, displayed its own on-board advertisement in British Premier League fields.

GLOSFER considers this event a meaningful experience for them, as they made the full payment with their own cryptocurrency called HYCON through airdrop, instead of using the normal currency. They also added, “Within the period of such heated competition among global cryptocurrencies, we believe we seized the right opportunity to show the world our advanced technology as well as the brand itself. The world is paying close attention to HYCON now.”

At the Pre Smart Cloud Show 2018, Taewon Kim GLOSFER CEO claims “From a business perspective, we should view blockchain technologies as a system rather than just a technology.”

Kim was invited to speak at the event which was held on 22 February in Education Room at the Center for Connected Intelligence in Jung-gu, Seoul, under the theme of blockchain business. In the event, Kim argued, “When we approach blockchain technology, we should apply its technology concept behind the blockchain. Under the system, principles and standards are observed.”

Here is a potential murderer. But he has business potential and will be able to earn a lot of money for us in the future. What should we do? Should we imprison him to prevent him from going on a killing spree or should we let him make a fortune for us at the expense of several lives?

This is an analogy that Glosfer founder and CEO Kim Tae-won came up with regarding blockchain, the base technology for digital currencies such as bitcoin. He regards blockchain as a future growth engine but worries about its negative short-term impact, which is something like gambling.

“If I am in charge, I would put the potential murderer in jail. We have no choice but to do so at a time when transactions of cryptocurrencies go like gambling here. Ethics should come first before business,” said Kim who established the blockchain company in 2015.

“While last year was the year of Bitcoin, this year would be the year of the blockchain. Blockchain technologies will be applied in our daily life and will greatly affect our life.”

Kim said, “Bitcoin has played an important role in increasing interest in the blockchain. Only when blockchain technologies are used in and have an impact on real life, can they be applied to all industries. That means blockchain technologies can contribute to forming a fairer and juster society.”

GLOSFER CEO Taewon Kim said blockchain is a righteous technology, which can prevent moral hazard.

Kim has been seeing his sister, a creator, suffering from copyright infringement. That is one of the reasons for him to apply blockchain technologies to make sure that copyright holders do not lose their profits in the form of commissions when music is distributed. “A platform of directly distributing music based on blockchain can help protect copyright holder’s rights,” said Kim. “This way, creators get the profits they deserve thereby creating quality content